Newpark Resources, Inc. (NYSE:NR) Shares Bought by Barclays PLC

Barclays PLC boosted its stake in shares of Newpark Resources, Inc. (NYSE:NR) by 64.4% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 87,235 shares of the oil and gas company’s stock after acquiring an additional 34,162 shares during the period. Barclays PLC owned about 0.10% of Newpark Resources worth $336,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Brandywine Global Investment Management LLC raised its position in shares of Newpark Resources by 7.4% in the fourth quarter. Brandywine Global Investment Management LLC now owns 40,244 shares of the oil and gas company’s stock valued at $167,000 after buying an additional 2,790 shares during the last quarter. Simplicity Solutions LLC raised its position in shares of Newpark Resources by 14.0% in the first quarter. Simplicity Solutions LLC now owns 23,849 shares of the oil and gas company’s stock valued at $92,000 after buying an additional 2,933 shares during the last quarter. Algert Global LLC raised its position in shares of Newpark Resources by 5.6% in the fourth quarter. Algert Global LLC now owns 64,170 shares of the oil and gas company’s stock valued at $266,000 after buying an additional 3,410 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its position in shares of Newpark Resources by 0.5% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 706,819 shares of the oil and gas company’s stock valued at $2,587,000 after buying an additional 3,675 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Newpark Resources by 1.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 241,089 shares of the oil and gas company’s stock valued at $883,000 after buying an additional 3,993 shares during the last quarter. 74.84% of the stock is currently owned by institutional investors and hedge funds.

Newpark Resources Trading Up 0.5 %

Shares of NR opened at $5.94 on Thursday. The company has a current ratio of 2.69, a quick ratio of 1.64 and a debt-to-equity ratio of 0.18. Newpark Resources, Inc. has a 12-month low of $2.38 and a 12-month high of $6.04. The firm has a 50-day moving average price of $5.36 and a 200 day moving average price of $4.55. The firm has a market capitalization of $515.65 million, a P/E ratio of -74.25 and a beta of 2.96.

Newpark Resources (NYSE:NR) last announced its quarterly earnings data on Tuesday, August 1st. The oil and gas company reported $0.08 earnings per share (EPS) for the quarter. Newpark Resources had a negative net margin of 1.00% and a positive return on equity of 6.39%. The firm had revenue of $183.26 million during the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of Newpark Resources in a research report on Thursday, August 17th. They issued a “buy” rating for the company.

Insider Activity at Newpark Resources

In related news, Director Claudia Michel Meer bought 8,000 shares of the stock in a transaction on Wednesday, August 16th. The stock was bought at an average price of $5.27 per share, with a total value of $42,160.00. Following the completion of the purchase, the director now directly owns 81,630 shares in the company, valued at approximately $430,190.10. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 4.20% of the stock is currently owned by insiders.

About Newpark Resources

Newpark Resources, Inc provides products, rentals, and services primarily to the oil and natural gas exploration and production (E&P) industry. It operates through two segments, Fluids Systems and Industrial Solutions. The Fluids Systems segment provides drilling, completion, and stimulation fluids products and related technical services to customers primarily in the North America, Europe, the Middle East, and Africa, as well as other countries in the Asia Pacific and Latin America.